UTC+8 ( BJT)

SHFE rebar loses 2.9% on Sino-US friction escalation

ABSTRACT

The most-traded October rebar contract on Shanghai Futures Exchange (SHFE) closed at Yuan 3,769/tonne ($598/tonne) as of June 19, plummeting Yuan 113/tonne or 2.9% from June 15, the first trading day after China's Dragon Boat Festival mainly in response to the escalating Sino-US trade friction over the past few days.
The most-traded October rebar contract on Shanghai Futures Exchange(SHFE)closed at Yuan 3,769/tonne ($598/tonne) as of June 19, plummeting Yuan 113/tonneor 2.9%from June 15, the first trading day after China’s Dragon Boat Festival mainly in response to the escalating Sino-UStrade friction over the past few days. On Tuesday, the SHFE October

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